TY - JOUR
T1 - The response to the global financial turmoil in Italy
T2 - 'A financial system that does not speak English'
AU - Quaglia, Lucia
PY - 2009/3/1
Y1 - 2009/3/1
N2 - Addressing the response to the global financial turmoil in Italy, it is argued that in comparison with other financial systems in Europe and worldwide, the Italian financial system has not been dramatically affected by the financial turmoil for two main reasons: the solid framework for financial regulation and supervision and the traditional unsophisticated configuration of financial activities in Italy. However, the economic recession that hit the real economy as a consequence of the financial market turmoil is likely to be heavy and prolonged in Italy.
AB - Addressing the response to the global financial turmoil in Italy, it is argued that in comparison with other financial systems in Europe and worldwide, the Italian financial system has not been dramatically affected by the financial turmoil for two main reasons: the solid framework for financial regulation and supervision and the traditional unsophisticated configuration of financial activities in Italy. However, the economic recession that hit the real economy as a consequence of the financial market turmoil is likely to be heavy and prolonged in Italy.
KW - Banks
KW - Financial crisis
KW - Financial regulation
KW - Financial supervision
KW - Italy
KW - Rescue plan
UR - http://www.scopus.com/inward/record.url?scp=70449513176&partnerID=8YFLogxK
U2 - 10.1080/13608740902995810
DO - 10.1080/13608740902995810
M3 - Article
AN - SCOPUS:70449513176
SN - 1360-8746
VL - 14
SP - 7
EP - 18
JO - Southern European Society and Politics
JF - Southern European Society and Politics
IS - 1
ER -